Trade balance deficit hits 12,864.1 MD in first 8 months of 2019 (INS) [Upd 1]
09/09/2019 16:47, TUNIS/Tunisia
(TAP) - The trade balance deficit stood at 12,864.1 MD in the first eight months of 2019, against 12160.5 MD during the same period of the last year, according to data provided by the National Institute of Statistics (INS) on Monday.

The coverage rate increased 1.3 percentage points from the first eight months of 2018 to 69.7%, compared to 68.4%.

The trade balance shows a deficit of 12,864.1 MD following the deficit registered with some countries, such as China (-3,901.4 MD), Algeria (-2,089 MD), Italy (-1,892.7 MD), Turkey (-1,618.6 MD) and Russia (-1,062 MD).

On the other hand, the trade balance recorded a surplus with other countries, mainly France with 2,718.3 MD, Libya (857.2 MD) and Morocco (296.9 MD).

Excluding energy, the deficit in the trade balance stands at 8022.2 MD. The deficit in the energy balance amounts to 4,841.9 MD (37.6% of the overall deficit), against 3,863.3 MD during the same period in 2018.

12% increase in exports

The results of Tunisia's external trade at current prices during the first eight months of 2019 show that exports grew by 12% compared to 20.2% during the same period of 2018.

Exports, therefore, hit 29,523.7 MD against 26,358.8 MD in the first eight months of 2018.

Similarly, imports increased by 10% compared to + 20.3% in the same period of 2018.

Imports reached the value of 42,387.9 MD against 38,519.2 MD during the first eight months of 2018.

In fact, increases were recorded in the mining, phosphates and derivatives sector by 26.8%, the energy sector (19.1%), the mechanical and electrical industries sector (16.9%), textiles and clothing and leather (9.6%) and other manufacturing industries (21.4%).
On the other hand, the agriculture and agribusiness sector recorded a decrease of 12.9%, due to lower sales in olive oil (954.4 MD against 1,590.3 MD).

10% increase in imports

Imports rose by 10%, against + 20.3% during the same period of 2018.

Imports reached the value of 42,387.9 MD, against 38,519.2 MD during the first eight months of 2018.

The INS explained that this 10% increase in imports is due to the rise in all sectors.

Indeed, imports recorded increases of 23.6% for energy products due to higher purchases of natural gas (2,533.6 MD vs. 1,476.8 MD).

Similarly, imports went up by 15.7% for capital goods, 8.1% for mines, phosphates and derivatives, 5% for basic agricultural and food products and 3.6% for raw materials and semi-finished products.

14.3% growth of Tunisia’s exports to European Union

Tunisia’s exports to the European Union (74.4% of overall exports) grew 14.3%. This growth is explained, on the one hand, by the increase in exports to some European partners, such as Germany (+ 23.7%), Italy (+ 16%) and France (+ 11.3%).

In addition, sales are down with other European countries, particularly Spain (-14.8%) and the Czech Republic (-9.2%).

With the Arab countries, exports increased with Libya 46.5%, Algeria 19% and Morocco 17.1%.

For imports, trade in goods with the EU (52% of overall imports) went up by 6.2% to 22,032.9 MD.

Imports increased by 13.2% with Italy and 5.3% with France.
More
Twitter Updates Newsletter Signup Contact Us

If you wish to receive our newsletter, register below.


tel: 71889000
fax: 71883500, 71888999